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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales declined more than expected in March
In March, the UK retail sales registered a drop of 1.20% on a MoM basis, more than market expectations for a drop of 0.60%. In the prior month, retail sales had risen 0.80%.
Euro-zone current account surplus dropped in February
The Euro-zone has reported the seasonally adjusted current account surplus of €35.10 billion in February, from a revised current account surplus of €39.00 billion in the previous month.
US Philadelphia Fed manufacturing index unexpectedly climbed in April
The Philadelphia Fed manufacturing index advanced unexpectedly to a level of 23.20 in April, in the US, compared to market expectations of a fall to a level of 21.00. In the prior month, Philadelphia Fed manufacturing index had recorded a reading of 22.30.
US initial jobless claims dropped in the last week
The seasonally adjusted US initial jobless claims eased to 232.00K in the week ended 14 April 2018, compared to a reading of 233.00K in the prior week. Markets were expecting initial jobless claims to ease to 230.00K.
Japanese national CPI rose as expected in March
In March, the national consumer price index (CPI) climbed 1.10% in Japan on an annual basis, at par with market expectations. In the previous month, the national CPI had registered a rise of 1.50%.
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